Bitcoin is institutionalized, I think it's too late for it.
Snowden's latest BTC talk was great.
As he said:
"right now the reason everybody's getting excited about the prices they're thinking about you know ETFs or whatever we don't really want that to be the thing that moves price even if if price is moving uh because that is a kind of subordination that is a kind of subjugation that is a process of taming uh that we see being played out uh we need to look at more fundamental things. the influence that these institutions are having on the ecosystem and there are positives and I'm not saying there won't be right like institutional money Flows In number goes up everybody's happy great sure uh but then you get a lot more of these Manhattan offices you get a lot these processes you get a lot more of this pressure to submit to
submit to these processes in these institutions that you do not control that you cannot influence um and we should focus on what we can influence"
Soul Reaver
npub1nu7…ndfa
2023-12-29 21:43:35
in reply to nevent1q…r89w
Author Public Key
npub1nu78yt3grwq7jdp0twz56ral4ez6s2xx9zt96yjz8p89grvmzu5sdwndfaPublished at
2023-12-29 21:43:35Event JSON
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"content": "Bitcoin is institutionalized, I think it's too late for it.\nSnowden's latest BTC talk was great.\nAs he said:\n\"right now the reason everybody's getting excited about the prices they're thinking about you know ETFs or whatever we don't really want that to be the thing that moves price even if if price is moving uh because that is a kind of subordination that is a kind of subjugation that is a process of taming uh that we see being played out uh we need to look at more fundamental things. the influence that these institutions are having on the ecosystem and there are positives and I'm not saying there won't be right like institutional money Flows In number goes up everybody's happy great sure uh but then you get a lot more of these Manhattan offices you get a lot these processes you get a lot more of this pressure to submit to\nsubmit to these processes in these institutions that you do not control that you cannot influence um and we should focus on what we can influence\"",
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